Yesterday Muscle Pharm Corporation (OTC:MSLP) lost 10% and closed at $0.063 with volume of 1 million shares traded.
Investor interest in MSLP seems to be dropping rapidly after the pretty huge losses in price at significant volumes. The price of MSLP stock plummeted after the filing of an 8-K which revealed the company had entered into a convertible promissory note with JMJ Financial. Some of the conditions of the note are:
The maturity date of the note is December 1, 2013, and prepayment is not permitted